The Baseline    
14 May 2021
Five Interesting Stocks Today
  1. UPL: This chemicals company, which has been historically at a low average PE compared to its peers, has been rising steadily through the year and hit a fresh 52 week high today after a strong performance in its Q4 results. The company's year returns have outperformed the Nifty by over 37%. 

  2. Coforge: This tech company's promoter has sold off 1.9 million shares in the company via a market sale, amounting to 3.14% of traded shares. It saw its share price rise sharply over the past week on high volumes following its Q4 results, however analysts see limited upside on the stock owing to its already sky-high valuations.

  3. Vedanta: This metals company has seen its share price gain at a steady clip as metals prices recover globally, and the stock hit a fresh year high in the past week. The company reported a sharp jump in  both YoY and QoQ net profit growth in its Q4 results (see stocks with similar performance).  While mutual funds have been reducing their holdings in the stock, FIIs/FPIs have increased their stake

  4. Persistent Systems: This product engineering company has got analysts across brokerages enthusiastic after its Q4 results, receiving six target price upgrades in the past couple of weeks. Analysts have cited improving deal wins, and strong Q4 growth despite seasonality in some verticals. 

  5. Castrol India: This oil lubricant company's stock has had a tough year, underperforming the Nifty by over 50%, and seeing a profit decline in CY20 due to Covid19 disruptions and the decline in auto demand. The stock is in the Buy Zone compared to both its historical PE and PBV. Analysts are however positive on the stock citing its wide distribution network and brand - but with the second wave, the company is likely to see ups and downs continue in the short term. 

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